The anatomy of externalities.
Debates over externalities often focus on failures: theories favouring state action rest on the notion of market failures, whereas those opposing state involvement emphasize governmental failures. The two polar approaches ignore a wide array of alternatives to manage externalities that are neither e...
| Publicado en: | Cambridge Journal of Economics Vol. 50; no. 2; pp. 259 - 282 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Oxford University Press / USA
Mar2026
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=192347596&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 192347596 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 0309166X CEC jtl: Cambridge Journal of Economics issn: 0309166X maglogo: N pubinfo: dt: Mar2026 vid: 50 iid: 2 pid: 622 pub: Oxford University Press / USA artinfo: ui: 192347596 10.1093/cje/beag003 ppf: 259 ppct: 23 formats: tig: atl: The anatomy of externalities. aug: au: Rayamajhee, Veeshan Paniagua, Pablo affil: New Mexico State University, Las Cruces, USA Universidad del Desarrollo (UDD), Santiago, Chile and Center for the Study of Governance and Society, King's College London, UK su: Externalities Policy analysis Property rights Intervention (Federal government) Classification Market failure sug: subj: Externalities Policy analysis Property rights Intervention (Federal government) Classification Market failure keyword: copyrightHolder:Cambridge Political Economy Society copyrightYear:2026 Elinor Ostrom externalities inLanguage:en political economy property rights publisher:Oxford University Press Ronald Coase sameAs:https://dx.doi.org/10.1093/cje/beag003 copyrightHolder:Cambridge Political Economy Society copyrightYear:2026 Elinor Ostrom externalities inLanguage:en political economy property rights publisher:Oxford University Press Ronald Coase sameAs:https://dx.doi.org/10.1093/cje/beag003 ab: Debates over externalities often focus on failures: theories favouring state action rest on the notion of market failures, whereas those opposing state involvement emphasize governmental failures. The two polar approaches ignore a wide array of alternatives to manage externalities that are neither exclusively market-based nor state-oriented. Yet the literature has failed to unify these different approaches and alternatives into a single cohesive framework—this is the primary goal of this essay. This article proposes a new taxonomic framework for externalities based on the interplay between the physical attribute of an externality (scale) and its property-rights dimension, acknowledging the scope of both market-based and state-based approaches to internalizing externalities but moving beyond the narrow dichotomy to incorporate a wide range of alternative and hybrid solutions. This framework adds the much-needed nuance to academic and policy discussions about the scope and limitations of markets and states in addressing complex and nested externalities. It offers a pragmatic and less abstract way to map externalities to potential policy solutions or to the organizations best suited to address them. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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